The investment objective of the Fund is to provide attractive levels of income through investing in Shariah compliant fundamentally strong dividend paying companies with the prospect of capital gains over the medium term. The Fund aims to invest primarily in Shariah compliant equities and/or equity related securities (such as convertible bonds, ADRs and GDRs) listed or traded on worldwide recognized exchanges, mainly in dividend paying companies domiciled in MENA countries, Turkey and India and/or companies which derive a significant proportion of their revenues or profits from, or have a significant portion of their assets in MENA countries, Turkey and India.
FAB Shariah MENA Dividend Leader USD-D
Latest Price NAV
USD
4.11
as of
11/Sep/23
Objective
Performance
3 Yrs Performance
14.98
5 Yrs Performance
8.88
10 Yrs Performance
N.A
Top Holdings
1.
AL RAJHI BANK
9.41
%
2.
SAUDI BASIC INDUSTRIES CORP
8.13
%
3.
KUWAIT FINANCE HOUSE
6.08
%
4.
ABU DHABI ISLAMIC BANK
5.99
%
5.
DUBAI ISLAMIC BANK
5.1
%
Portfolio Composition
1.
Saudi Arabia
52.17
%
2.
United Arab Emirates
20.11
%
3.
Kuwait
14.42
%
4.
Cash
13.3
%
Transaction Information
Annual Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
1.5
Initial Charges
Minimum Charge :
N.A
Maximum Charge :
5
Actual Charge :
N.A
Redemption Charges
Minimum Charge :
N.A
Maximum Charge:
2
Actual Charge :
N.A
Contact
Company Name:
First Abu Dhabi
Website :
www.bankfortheuae.com